earnings
confidence high
sentiment neutral
materiality 0.70
Amcor Q1 FY2024 adjusted EPS 15.6c, net sales $3.44B -7% YoY; reaffirms FY guidance
Amcor plc
2023-09-30 EPS reported
$4.95
revenue$3,443,000,000
- Net sales $3,443M (-7% reported, -6% constant currency); volumes down ~8% due to destocking.
- GAAP diluted EPS 10.5c; adjusted EPS 15.6c; adjusted EBIT $358M (-5% constant currency).
- Quarterly dividend raised to 12.5c/share (from 12.25c); $30M shares repurchased in Q1.
- Reaffirmed FY2024 adjusted EPS guidance of 67-71c and adjusted FCF of $850-950M.
- Leverage 3.3x net debt/EBITDA; expects to return to ~3.0x by June 2024.